Single registration for stock brokers requires exchange approval for additional segments and streamlines fee and compliance obligations. SEBI requires a single registration per stock exchange or its promoted clearing corporation; new applicants apply through the exchange or clearing corporation to obtain a unique registration number, and entities already registered in any segment need only obtain exchange or clearing-corporation approval to operate in additional segments. Exchanges and clearing corporations must ensure applicants meet the Fit and Proper Criteria, verify corrective actions for past deficiencies, recover outstanding dues, may inspect, and apply fees for additional segments as per the Broker Regulations. Exchanges must amend bylaws, disseminate the changes and report implementation to SEBI.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Single registration for stock brokers requires exchange approval for additional segments and streamlines fee and compliance obligations.
SEBI requires a single registration per stock exchange or its promoted clearing corporation; new applicants apply through the exchange or clearing corporation to obtain a unique registration number, and entities already registered in any segment need only obtain exchange or clearing-corporation approval to operate in additional segments. Exchanges and clearing corporations must ensure applicants meet the Fit and Proper Criteria, verify corrective actions for past deficiencies, recover outstanding dues, may inspect, and apply fees for additional segments as per the Broker Regulations. Exchanges must amend bylaws, disseminate the changes and report implementation to SEBI.
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